Mermaid acquires newbuild, wins diving services contract

CUEL has awarded Mermaid Offshore Services a contract to provide saturation and air diving services in the Gulf of Thailand using the newbuild DSV Mermaid Asiana.

Offshore staff

SINGAPORE -- CUEL has awarded Mermaid Offshore Services a contract to provide saturation and air diving services in the Gulf of Thailand using the newbuild DSV Mermaid Asiana.

The contract is scheduled to begin during the third quarter following delivery of the vessel, which is currently under construction at ASL Marine's shipyard in Singapore.

Mermaid Offshore Services is currently providing offshore installation services in Brazil for Petrobras through a contract with Global Industries. The work involves saturation and air diving services using the DSV Mermaid Commander.

The company also reports that it has acquired the DSV Mermaid Endurer from Aquanos Offshore. The vessel, which is scheduled for delivery during the fourth quarter, is being constructed by the Bergen Group in Norway.

06/11/2009

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